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October, 2008

Leadership lapses fuel Wall Street's fall China Daily, October 23, 2008
	AIG, Bear Stearns, Fannie Mae and Freddie Mac needed government bailouts or takeovers to survive. Lehman Brothers is in bankruptcy. Merrill Lynch has been sold. The shocking succession of corporate meltdowns signals a massive leadership failure across the financial services landscape, according to Wharton faculty. Thomas Donaldson, Wharton professor of legal studies and business ethics, says top level managers too often focus narrowly on issues that concern their organizations and do not pay enough attention to what is going on across their industry. (Also appeared in The Economic Times of India.)
BUSINESS PEOPLE South Bend Tribune, October 12, 2008
	Patrick Murphy, marketing professor at the University of Notre Dame, has been recognized by the Emerald Literati Network with the 2008 Outstanding Paper Award for his article, "An Ethical Basis for Relationship Marketing: A Virtue Ethics Perspective."
DePaul University Hosts Panel Discussion, Film Screening as Part of "One Book, One Chicago" Media Newswire, October 9, 2008
	In the panel discussion "Outer Space, MySpace, and the Distance In Between: Redefining Exploration of Tom Wolfe's "The Right Stuff,'" DePaul faculty will explore Wolfe's book from interdisciplinary perspectives and conclude with an audience discussion starting at 6 p.m. Oct. 15 in Room 120 of the DePaul Student Center, 2250 N. Sheffield Ave., Chicago, at DePaul's Lincoln Park campus. Speakers and topics include: Management Professor Patricia Werhane, Wicklander Chair in Business Ethics and author of “Women in Business: The Changing Face of Leadership,” will discuss the possibilities of redefining the term “right stuff” for today’s leaders and trailblazers, especially women.
Ex-chief Lay indicted in fall of Enron dailypress.com, October 9, 2008 Reprint from the Baltimore Sun, July 8, 2004 By Robert Little
	The federal government's 2 1/2 -year investigation into the collapse of Enron Corp. reached the top of the shattered energy company's boardroom yesterday, as former Chairman and CEO Kenneth L. Lay was indicted on criminal charges related to the company's spectacular and unprecedented implosion. "It's been a wake-up call to a lot of corporate executives," said Dean W. Krehmeyer, executive director of the Business Roundtable Institute for Corporate Ethics at the University of Virginia.
Abdication of leadership caused crisis DelawareOnline, October 6, 2008 By KNOWLEDGE@WHARTON
	The shocking succession of corporate meltdowns signals a massive leadership failure across the financial services landscape, according to Wharton faculty. Thomas Donaldson, Wharton professor of legal studies and business ethics, says top-level managers too often focus narrowly on issues that concern their organizations and do not pay enough attention to what is going on across their industry. (Also appeared in China Daily.)
Going Green and Staying in the Black NPR Radio (Virginia), October 4-10, 2008 By Nancy King ("With Good Reason")
	Batten Institute Director Mike Lenox (University of Virginia's Darden School of Business) and internationally-renowned ethicist Ed Freeman [Business Roundtable Institute for Corporate Ethics] engage in a lively discussion about the corporate world’s recent and increasing interest in sustainability. How, they ask, can businesses move beyond the “low-hanging fruit” of the green movement, taking major strides toward making service and manufacturing operations truly sustainable, without jeopardizing the bottom line.
¿Implementación de estrategia? America Economia, October 2, 2008 By Guillermo S. Edelberg
	Los diarios y revistas que leí en relación a los extraordinarios acontecimientos acaecidos en el mundo de las finanzas en el transcurso de unos pocos días -la compra de Merrill Lynch por parte del Bank of America, la quiebra de Lehman Brothers, las operaciones para salvar a Fannie Mae, Freddie Mac y AIG por parte del gobierno de los Estados Unidos y la eventual compra de la deuda de mala calidad por parte de este último- no abundaron en artículos referidos al management de las empresas citadas. [...] El profesor Thomas Donaldson señala que los gerentes de nivel más alto se concentran con frecuencia en sus organizaciones y no le prestan demasiada atención a lo que pasa en su industria.

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